Chapter 7 Bankruptcy in Fall River, Massachusetts
People's lives and financial circumstances change. All it takes is the loss of a job, a poor investment, or a serious illness, and your family's financial stability can erode overnight. At Donnelly & Panaggio Attorneys at Law, we represent individual clients in bankruptcy proceedings that are initiated by either an insolvent individual or business. When you meet with us about your personal or business's financial situation, we will clearly explain the various bankruptcy and debt relief options that are available to you. We will also take the time to discuss what your financial and credit life will look like after you file, and help you decide whether Chapter 7 or Chapter 13 bankruptcy is right for your situation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
If you have suffered a financial setback, or need a fresh start for your family or business, contact our office in Fall River, Massachusetts. You will be under no pressure to hire us to represent you in your bankruptcy proceeding. We want to become your family's lawyer for all its developing needs over the long term, and we know that establishing and safeguarding your trust is foremost in accomplishing that aim.
We can help you avoid:
- Mortgage foreclosures
- Car or truck repossessions
- Creditor harassment
- Collections lawsuits
- IRS wage garnishment
- Tax levies and seizure
Types of personal bankruptcy
Chapter 13 is a wage-earner repayment plan. It is a federal law designed to help individuals, married people, and single-owner businesses repay a portion of their debts with dignity and peace of mind.
Chapter 7 is a federal bankruptcy law enacted by Congress to give individuals, married couples, or businesses in financial difficulty a fresh start. Chapter 7 is a straight liquidation bankruptcy that allows individual debtors to discharge (and not pay) unsecured debts. Unsecured debts include many but not all purchases made on credit cards. Filing under Chapter 7 may allow you to keep many assets and then start over.
We may be able to protect your home, vehicle, wages, retirement account, and other valuable assets. Contact our office to discuss your bankruptcy needs with paralegal Paulette Audette. She will schedule an opportunity for you to meet with Brenda Panaggio about getting a fresh start through Chapter 7 or Chapter 13 bankruptcy.
